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JCPenney Makes Debt Payment, But Still Risks Bankruptcy

PYMNTS

Struggling retailer JCPenney , which is reported close to seeking Chapter 11 bankruptcy protection, disclosed that it’s paid roughly $17 million in interest on a senior secured term loan credit facility to avoid a default, but that it’s still considering “certain strategic alternatives.”

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Holiday Retail Sales To Hit Highest Since 2005

PYMNTS

Procrastinators and internet shoppers saved the day this holiday season, transforming what was a slow start into the best holiday season for retailers in years. Meanwhile, Mastercard found in its SpendingPulse survey that retail sales, which exclude cars and gas, increased 4 percent. percent, up from 4.1 percent, noted the report.

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How (And Why) Major Retailers Are Embracing Print Catalogs Again

PYMNTS

The holiday season is the time for nostalgia and tradition, and that is the case here at PYMNTS, where even amid our coverage of the newest retail trends, we sometimes get the warm-and-fuzzies. It led us to wonder, going into the heart of the fourth quarter and then into 2020, about the status of that old standby, the retail catalog.

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Retailers Ready For Post-Election Holiday Shopping Rush

PYMNTS

According to the National Retail Federation ‘s annual consumer spending survey, shoppers may have a more conservative holiday spending budget as a result of the upcoming election. The study used data points for 50 major retailers collected on a weekly basis and have been refined since 2001.

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Impact of Covid-19 Felt in the Shared National Credit Reviews Released by Bank Regulators

Perficient

The federal banking agencies noted that the increase in non-pass commitments was largely from borrowers in industries heavily affected by COVID-19, such as entertainment and recreation, oil and gas, real estate, retail, and transportation services. percent vs 22.3 percent) subject to negative review was substantially lower. (D).

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Street Cred: How One Spa Entrepreneur Is Navigating The COVID-19 Crisis

PYMNTS

It’s hard to find a retail resume that’s more impressive than Joyce Hampers’. It was so successful that she expanded in 1998 and then again in 2001. She is right in the eye of the retail hurricane known as the coronavirus. It starts with an undergrad degree from Boston College and a law degree from Boston University.

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Mall Vacancy Rate Reaches 20-Year High Of 9.7 Pct.

PYMNTS

Although earlier reports of a retail apocalypse were overstated at first, the latest statistics seem to indicate “that the scales may have tipped,” said Barbara Denham, senior economist at Reis. percent with the 2001 recession and hit 9.4 Overall retail sales from Nov. Gap and Victoria’s Secret also announced closure plans.